USDA Reports
Farmers across the Texas High Plains received a deluge of rainfall right at planting, and while the moisture was needed, the sudden switch prevented some farmers from planting their intended cotton acres this year.
USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.
USDA’s June Acreage and Quarterly Stocks reports resulted in a bullish surprise for soybeans and bearish news for corn. In an already volatile grain market, the supply situation is problematic.
Sluggish exports continue to be the main theme in the grain markets with USDA cutting both old and new crop ending stocks. Arlan Suderman of StoneX Group says the bigger story moving forward might be soft corn demand.
Jon Scheve discusses how attainable the USDA’s numbers are from the last report.
Jon Scheve provides historical background of changes in corn and bean acres between planting intentions surveys and final report trends.
USDA’s 2023 Prospective Plantings report released March 31 shows farmers intend to plant significantly more corn acres in 2023. At nearly 92 million acres, that’s a jump of 3.42 million acres from last year.
Just ahead of USDA’s Prospective Plantings report, the largest cotton growing state in the U.S. is seeing another year of drought, and with fields resembling the Dust Bowl, crop prospects are dwindling by the day.
Farmers around the Corn Belt are anticipating a big year for corn, especially with improving soil moisture in corn-deficit areas where cash prices have remained strong.
Jon Scheve ranks all of the USDA reports by importance to farmers.
USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.
Jon Scheve discusses how issues in Ukraine and Brazil may mean upside potential for corn.
USDA’s January reports last week sent some supply shocks to the market. The agency penciled in a 1.6 million-acre-drop to U.S. unharvested corn acres, but the bigger concern may be the trend of dropping demand.
A few surprises came out of USDA reports, including a 1.6 million acre drop in U.S. corn acres. As a result, the U.S. crop balance sheets continued to tighten and corn and soybean prices shot up on Thursday.
This article discusses the highlights of this week’s USDA report that provides more information on the US grain supply.
Brian Splitt, AgMarket.Net, says: USDA cut export demand for corn, ethanol and soybeans. That’s going to be the theme — a lower crop but also demand.
Ahead of the report, analysts expected a drop in corn yield, but not soybean yield — and the market responded quickly, says Bill Biedermann, AgMarket.Net co-founder.
Grains are mixed reacting to the USDA Grain Stocks Report, Black Sea news and outside markets. Livestock mixed with cattle breaking to new lows for the move. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Another surprise -- corn acres climbed rather than fell versus March intentions.
USDA’s World Agricultural Supply and Demand Estimates for January reflect higher ending stocks for both corn and soybeans.
Despite a soybean carryover number lower than market expectations in today’s World Agricultural Supply and Demand Estimate (WASDE) from USDA, market reaction was muted with beans only up a quarter cent on the day.
As corn and soybean prices continue to trade in a narrow range, it’s easy to ignore the markets—don’t!
USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.
The long corn/short bean spreaders were caught again leaning the wrong way and the exit door wasn’t big enough to let long corn folks out quick enough.
After all the hoopla about this morning’s USDA reports, we know one thing: They are outdated and they will change. Let’s look beyond the published numbers.
Russia’s Blizzard of the Century Is a Blessing for Wheat Fields
When the January crop production and World Agricultural Supply and Demand Estimates (WADSE) reports were released, U.S. Farm Report conducted a Twitter poll to see how, if at all, farmers would adjust their planting intentions for the spring after corn yielded a record high 176.1 bushels per acre.
It’s been almost a week since the USDA released its January crop production and World Agricultural Supply and Demand Estimates (WASDE) reports, showing a big corn crop became bigger and record-setting at 176.6 bushels per acre.
With markets in a pivotal paradigm, farmers and traders alike are waiting in anticipation for USDA’s Quarterly Grain Stocks report to see if it can provide any bullish news.
In their Friday report, USDA noted that as of September 1 corn stocks were up 130 million bushels more than the average trade guess.